LIV Golf Implodes After Blowing $6 Billion Of Saudi Arabian Money

LIV Golf is officially over after five years as a professional golf league funded by Saudi Arabia. The amount of money invested in LIV Golf is roughly $6 billion, which is clearly one of the worst investments in history.

Saudi Arabia’s public investment fund went all in on this league and has provided more than enough funding since it first arrived on the scene in 2021.

LIV would lure top PGA golfers with huge contracts, spreading $1.3 billion across the world’s top golfers. Former Master’s champion Jon Rahm jumped ship to LIV for $300 million.

Phil Mickelson was offered $200 million, but called the Saudis “scary motherf—ers.”

Before he returned to the PGA tour, Brooks Koepka’s deal with LIV was believed to be around $100 million, while the face of LIV golf, Bryson DeChambeau, is in the last year of his $100 million contract.

Another intriguing factor about LIV was the tournament purses, starting at $25 million in 2022 and rising to $30 million in 2026, with every participant going home with money. First-place prize money would be around $4 million, and last-place prize money would be $50,000.

The investment in this golf league turned out to be a poor one, with losses of over $1 billion, and people frankly did not care about it as much as they had hoped.

It remains to be seen what will happen to the golfers who jumped from the PGA Tour to LIV, but many of them will have to apologize to the guys who stayed on the pro tour.

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Article by Sam Lanier